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Construct an amortization schedule for a $1,000, 8% annual rate loan with 3 equal payments. The first payment will be made at the end of
Construct an amortization schedule for a $1,000, 8% annual rate loan with 3 equal payments. The first payment will be made at the end of the1st year. Find the required annual payments
$355.8 | ||
$367.2 | ||
$388.0 | ||
$390.7 |
Based on the information from Question 37, whats the ending balance of the amortized loan at the end of the second year
$0 | ||
$359.4 | ||
$388.3 | ||
$682.8 |
Based on the information from Question 37 and 38, calculate the total amount of interests you should pay for the amortized loan in three years
$28.8 | ||
$55.4 | ||
$80.0 | ||
$164.2 |
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